is a place to share and exchange information but also a support for businesses, especially small and medium-sized enterprises, in accessing credit sources, providing information on domestic and international markets, supporting the purchase of raw materials and improving quality control procedures. The Association will act as a wholesale market for supplying and distributing raw materials for all CBTACN enterprises to trade, buy, sell, and exchange... The role of the Vietnam Animal Feed Association in participating in the operation of the animal feed trading center, which operates in a similar manner to the stock exchange, is well known to many people. The proposed trading center will monitor and provide information on price changes, as well as the supply/demand situation of raw materials and output products. It is necessary to innovate the organization and operation method of VAFA to suit the market economy so that VAFA can truly represent the legitimate rights and interests of CBTACN enterprises, and be the focal point to create a common forum connecting managers, scientists, enterprises and livestock farmers to find effective solutions to promote production development.
3.4.3. On the part of the Vietnam Association of Accountants and Auditors (VAA)
In the propaganda and training to bring international accounting into the actual operation of enterprises, the Vietnam Association of Accountants and Auditors (VAA) plays an important role. VAA needs to perform well the following tasks:
- Organize propaganda to bring management accounting to enterprises. So that enterprises can see the necessity of management accounting in their operations.
Maybe you are interested!
-
For Vietnam Association of Certified Public Accountants Vacpa -
Completing revenue and cost accounting and determining business results at Nakashima Vietnam Co., Ltd. - 14 -
Problems and Limitations of Cost Management Accounting in Small and Medium-sized Commercial Enterprises in Vietnam -
Perfecting the Organization of Applying the Production Cost Accounting Method to Serve Cost Management Accounting -
Perfecting cost accounting with enhanced cost management in animal feed processing enterprises - 44
- Regularly collect and develop new management accounting methods in Vietnam and around the world. Organize management accounting training programs to suit the characteristics of Vietnamese enterprises.
- Open training courses for management accounting certificates for accountants. Attention should be paid to the use of modern information processing tools to serve information processing and analysis activities. Training must be combined with seminars related to the reality of each type of enterprise and the practical needs of management accounting information of enterprises.
3.4.4. On the side of animal feed enterprises
* For business managers
Firstly, managers themselves need to have a certain level of understanding of accounting. It is necessary to raise awareness of the importance of management accounting in production and business activities in general, as well as in cost management in particular, and eliminate the mindset of collecting and making decisions based on personal understanding and experience of managers. According to information collected from surveys through questionnaires, up to 30/52 surveyed enterprises (accounting for 57.7%), the board of directors conducted business performance analysis without the assistance of accountants. Some accounting enterprises only provide some information such as information on cost prices according to KTTC's calculation, information comparing the implementation status with the plan or estimate... to managers, but that information is not really complete and does not meet the information needs of managers.
Second, business managers need to send accounting staff for specialized training in management accounting. According to statistical results, 100% of surveyed CBTACN enterprises have applied accounting software to serve financial accounting work, serving the preparation of financial reports to the outside. Thus, accounting work for preparing financial reports has been greatly supported, accounting staff do not spend too much time on that mandatory work. For these reasons, businesses should send accountants for specialized training or invite teachers with both theoretical and practical experience to train businesses. At the same time, cooperate with software companies to design information collection systems and management accounting reports suitable to the needs of the business.
Third is to create conditions in terms of funding, time and support for the application of management accounting methods to accounting work. The work of management accounting is complex, requiring the combination of many departments and divisions from top to bottom, from high to low levels. The support of senior management and leaders creates great conditions for the success of management accounting work. Senior managers see the necessity of management accounting information for the success of the enterprise, thereby creating conditions and support for accounting projects.
management. With the support and trust of the management board, other departments in the whole enterprise will trust and create favorable conditions for collecting and synthesizing management accounting information.
* For accountants
Each accountant, especially the chief accountant of an enterprise, needs to realize the necessity of providing useful management accounting information for the enterprise's decision making. From awareness will lead to action. From awareness of the necessity and usefulness of management accounting, each accountant will cultivate and improve his/her knowledge, proactively propose to be sent for professional training in management accounting, in order to further promote the role of accountants in the enterprise's performance. And with understanding and passion for the profession, accountants need to proactively propose, build orientations and gradually apply management accounting methods, collect information and provide useful information to provide for the enterprise's administrators, at the same time create trust for administrators to increasingly create more favorable conditions for the development of the management accounting system in the enterprise.
CONCLUDE
CBTACN enterprises operate in a market economy with state management following a socialist orientation. Enterprises are proactive in capital mobilization and use of capital for production and business. To achieve high business efficiency, managers in enterprises in general and in CBTACN enterprises in particular need to be provided with timely and appropriate information for the decision-making process, in which information provided by cost accounting plays an important role in the information system serving enterprise management.
To see the importance of costs in the process of enterprise management, the thesis analyzed the relationship between cost accounting information and cost management in manufacturing enterprises. From there, the thesis systematized the theory of cost accounting in manufacturing enterprises to enhance cost management, studied the experience of cost accounting in some countries in the world and drew lessons for Vietnam.
Through research and data collection on the current status of cost accounting in CBTACN enterprises, the thesis has provided assessments on the current status of cost accounting to strengthen cost management in CBTACN enterprises in terms of cost classification, norm development and budgeting, cost determination for cost-bearing objects, cost information analysis for the decision-making process and evaluation of the cost accounting model currently applied in CBTACN enterprises in providing cost information for the cost management process.
Based on the study of cost accounting theory and the current state of cost accounting in CBTACN enterprises, the author proposes solutions to enhance cost management, specifically, the author has made recommendations on cost classification according to cost behavior and cost classification according to the relationship between costs and cost aggregation objects to control costs more effectively and as a basis for implementing solutions on establishing norms and cost estimates. The author also makes recommendations on determining cost prices according to variable costs with the application of estimated general production cost allocation and especially has applied the ABC method in determining the cost price of a batch of products.
product, product cost, customer cost, branch cost. The thesis also builds a management reporting system to serve cost management, builds a system of cost analysis indicators and selects a cost accounting model suitable to the characteristics of production and business organization and suitable to the scale of CBTACN enterprises. At the same time, the author also provides basic conditions for implementing solutions to improve cost accounting in CBTACN enterprises, which is the combination between the State, the Vietnam Animal Feed Association, the Vietnam Association of Accountants and Auditors and the CBTACN enterprises themselves.
However, from the recognition of the necessity of QTSC for production and business activities to turning QTSC into a useful system that can operate smoothly and be updated regularly is a difficult task. That requires a team of knowledgeable and experienced accountants and the coordination of departments in the company, the participation and support of all levels of corporate governance, especially senior managers. Only then can QTSC become a powerful tool for decision-making and financial management of the unit.
LIST OF AUTHOR'S WORKS
1. Tran Thi Du (2011), “Activity-based costing method: Theoretical progress of international accounting”, Accounting-Auditing Journal, No. 08/2011
2. Tran Thi Du (2011), “Methods of mixed cost analysis: From theory to practical application in animal feed processing enterprises”, Accounting-Auditing Journal , No. 12/2011
3. Tran Thi Du (2012), "Building production cost norms in animal feed processing enterprises", Accounting-Auditing Journal , No. 6/2012
4. Tran Thi Du (2012), “Determining activity-based costs in animal feed processing enterprises”, Journal of Financial and Accounting Research , No. 10/2012
REFERENCES
Vietnamese
1. Ministry of Finance (2002), General Standards, Issued and promulgated under Decision No. 165/2002/QD-BTC dated December 31, 2002 of the Minister of Finance.
2. Project CARD 030/06 VIE: Building a strategy to enhance the competitiveness of rural SMEs in the agricultural value chain: The case of the animal feed industry, Feed use by pig and chicken farmers.
3. Project CARD 030/06 VIE: Building strategies to enhance the competitiveness of rural small and medium enterprises in the agricultural value chain: The case of the animal feed industry, animal feed production.
4. Pham Van Duoc (2006), Management Accounting, Statistical Publishing House.
5. Pham Van Duoc, Huynh Loi (2009), Model and operating mechanism of international economics, Financial Publishing House.
6. Nguyen Phu Giang (2005), Management accounting and business analysis, Financial Publishing House, Hanoi.
7. Hoang Trung Hai (2008), Decision 10.2008.QD-TTg. On approving the Livestock Development Strategy to 2020
8. Hoang Thi Hong Hanh, Nguyen Manh Toan (2010), Value chain cost accounting - A new approach to lean production model, Journal of Science and Technology, University of Danang.
9. http://nqcenter.wordpress.com, Cost Analysis
10. http://www.tapchiketoan.com/, (2009), Building management accounting in manufacturing and business enterprises in Vietnam
11. Quang Khai (2006), Some models of general production cost allocation in international economics, http://www.tapchiketoan.com/
12. Quang Khai (2006), Cost management system, http://www.tapchiketoan.com/
13. Quang Khai (2009), Activity-based costing system, http://www.tapchiketoan.com/
14. Faculty of Accounting - National Economics University (2011), International Economics, National Economics Publishing House, Hanoi
15. Nguyen Thi Lanh, Construction and analysis of standard costs, http://www.ketoanviet.com.
16. Le Ba Lich (2009), Animal feed - Leading measures for sustainable livestock development in the period 2010-2020, http://www.hua.edu.vn
17. Nga Lieu, “Fatal” mistakes in building customer strategy, Saigon Weekend Businessman
18. Nguyen Thi Phuong Loan, Cost Management, Ho Chi Minh City Open University
19. Huynh Loi, Building international economics in manufacturing enterprises in Vietnam, Ho Chi Minh City University of Economics
20. Huynh Loi (2008), International Accounting in Manufacturing Enterprises: from world experience to application in Vietnam. http://www.tapchiketoan.com/
21. Pham Quang Man (2006), Organization of international economics of production and business costs in animal feed production enterprises, National Economics University
22. Tran Duc Nam (2006), Further discussion on activity-based cost accounting method, http://www.tapchiketoan.com/
23. Vo Van Nhi (2004), Practical guide to production cost accounting and product costing in enterprises, Financial Publishing House, Hanoi
24. Le Hoang Phuc (2007), Preserving international economics under uncertain conditions, http://www.ktpt.edu.vn/
25. Pham Quang (2002), Directions for building an international accounting reporting system and organizing its application to Vietnamese enterprises, National Economics University.
26. Pham Rin (2006), Activity-based costing, http://www.tapchiketoan.com/
27. Accounting Magazine (2006), Characteristics of a good international accounting system, http://www.tapchiketoan.com/
28. Accounting Magazine, How to apply actual cost accounting combined with fixed general production costs according to estimates?, http://www.tapchiketoan.com/
29. Truong Ba Thanh, Cost accounting using the "Target costing" method, www.kh-sdh.udn.vn
30. Nguyen Thi Thu (2003), Accounting systems and management control issues in business organizations, http://www.ktpt.edu.vn/
31. Pham Thi Thuy (2007), Building a cost management accounting model in Vietnamese pharmaceutical manufacturing enterprises, National Economics University
32. Le Duc Toan (2002), International Economics and production cost analysis in the manufacturing industry.